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, it is tuesday february 5th, i am dave clark. >> and i am pam cook, let's start with steve paulson, a lot of fog today? >> fog down in the deck low clouds and boy i will tell you it is making a strong surge helped along by a weak cold front and temperatures are staying very cool here, mainly 50s. >>> good morning 101 traffic heading to the toll plaza and no problems as you head to the san mateo heading to the high- rise and over to 101 let's go back to dave and pam. >>> police are searching for the hit-and-run driver who hit a mother and two children. it happened on crest view drive in pittsburgh. alex savage is there to tell us about the discovery which could lead to an arrest, alex? >> reporter: investigators were able to find the car they believed was involved in the crash but the driver is nowhere to be found. a mother and two children were making their way across and came here to crest view drive and they were in this crosswalk when the car ploughed into them. it is unclear how fast the driver was going but neighbors say cars are always speeding around here. this was the scene after the cra
report and number of other positive data. steve liesman will have more on that in just a minute. but first, if the markets continue to push higher and we hit new highs, the most important question will be whether or not at this point entering a long ---er with entering a long term multiyear bull market for stocks, like we saw in maybe the 1980s and also 2000. you have been talking to people about this, bob pisani, what are you hearing? >> it is a big debate. let me highlight what we need to do here. are we entering a new market like '80s or even 2009 to 2012. stocks have been doing well because the fed is keeping rates at zero. there is also nowhere else to put money right now. companies are doing okay on cost cutting issues as well. pe ratio, 13.5. not exorbitant. >> but that's not enough. not taking us to highs for several years. you need make an argument we should continue the rally for several more years. we need to see much more robust gdp growth and revenue growth which has become anemic. what gives us gdp and revenue growth? clarification from washington. a grand bargain
so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in the power system triggered an automatic shutdown forcing backup systems to kick in. but they weren't sure what caused that initial problem. 34 minutes that the lights were out. brian shactman will join us in just a minute for the full story. this was a super bowl to remember for a lot of reasons, not the least of which the lights going out like that. let's get out to the headlines. the dow and the s&p 500 closing friday at their highest level since 2007. the major averages posting a fifth straight week of gains. u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on fri
days, i think one day this week, it was up to 50 minutes. 7:08. let's go to steve. >> thank you, sal. >>> good morning. a little bit more fog on this friday morning. patrick redwood shores says a little bit around san mateo, fc, foster city, but clear south of the bridge. so for some there's pockets of it. i know on the hayward side there's fog. concord, livermore, napa, santa rosa. yesterday, it was the north bay. patchy fog but hazy and warm. mostly sunny. higher clouds. next rain, thursday, friday. next thursday, friday. although it's looking more like a colder system than a rainy system. we need the rain. if you thought where is the breeze, there has not been much. others in the east bay, have a pretty good offshore wind continuing. that for shom the offshore breeze is in place. that means the coast has really nice weather. temperatures on the lows are even warmer that morning than yesterday it will be sunny. mostly cloudy. there's some higher clouds. i think most of those day towards more central california. 30s for some. 49. redwood city, san rafael is at 41. livermore is 32. s
of places. >> that's right, guys. 237, we're gonna start there. steve has been telling us about the fog. we could see this commute rather clearly and now, it kind of looks like a big foggy mess. it looks like we're looking in the middle of a clog. the sunol grade, we can't show you 101 in san francisco. our san rafael camera is all fogged out. let's take a look at the bay bridge. not thick fog here. peace a -- that's a 15 to 17- minute delay. let's talk about contra costa county. pleasant hill, moderate traffic. the drive time between hayward isive ceasing, 20 minutes from 238 to mowry avenue. no major problems on the way. it will still be slow. >>> we have a lot more in the way of clouds. inland temperatures had to deal with some fog. cooler temperatures. even though inland areas, double whammy here. it will be mostly sunny. but that fog heads back to the coast mainly in the 50s. unlike last week, upper 60s to near 70. tomorrow more fog, hazy sunshine. thursday, friday we'll get light rain in here. this is a colder system. it looks like it will be one and done. we start to need some rain.
jose. let's go to steve. >>> mostly cloudy out there. local clouds. kind of lift a little bit over 900, 1,000 feet. probably no drizzle. and then some higher clouds coming in from a weak system. the combination of the two, gonna give us the mostly cloudy day. 50s on the highs. i think we'll get a break tomorrow in advance of the system that will be here thursday. but turning colder, colder on friday. just so you know, it will be a shock to the system here. it will go from a foggy summertime pattern, a lot of low clouds and fog. that may give us sprinkles and very light showers. i doubt much will happen. mainly a lot of cloud cover. it's really ramped up the fog bank. that means temperatures are gonna stay on the cool side. low clouds, local drizzle. and then this afternoon, the combination of low a and -- low and high clouds. 40s on the temperatures. a couple of 30s to the north. 40s to 50. 49 half moon bay. but with the toking in place, it might even -- with the fog in place, it might feel colder. one system doesn't make it. but this next one that's the one coming out of gulf of alask
. ike becky quick along with andrew ross sorkin. joe kernen is off today so we are again joined by steve liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our special guess. he's been talking to us about how great of an opportunity stocks have been. we'll see if he's still feeling that optimistic now that stocks have reached 14,000 or close to it. >>> how majority leader eric cantor i
endorsements, and shareholder value. we spoke with steve posavac, marketing professor at vanderbilt university. i began by asking, what kind of celebrity endorsement makes a good investment for a company and its shareholders. >> well, tom, celebrity endorsements can do a lot for brands. one of the most important things they can do is lead to just a lot of awareness of the branda l of excitement, consumers pay attention to the marketing of a brand to the extent that a celebrity is associated with it. but the other thing celebrities do very well is position products. products in some categories, think soft drinks, for example, that aren't very differentiated based on the product self but if you have a celebrity endorsement speak up on behalf of the product wa, people think about that celebrity than bleeds on to the brand, helps to seerbt the brand in the same way we-- associate the same way we think of that celebrity. >> tom: the ski that the attention is paid ultimately to the product, not to the celebrity making the pitch though, right? >> well, absolutely that's the case. the celebrity in som
pointers in the last year and a half. chief pilot steve robertson was attacked himself, suffering two burned corneas. >> you take the vision from a pilot, that aircraft's ability to land is greatly compromised. >> reporter: on the lookout for a light that blinds, rather than illuminates. jim avila, abc news, washington. >>> and now, we want to tell you about a great american athlete who took another tough tumble today. lindsey vonn, the comeback kid who won the big downhill race in the 2010 olympics, even though she has crashed and had to bounce back so often in her career. well, guess what? tonight, she has to do it again. this is her today, head over skis, crashing down a mountain in austria. watch it again, as we slow it down. she crumples, right there, after the landing, on her right knee and tears two ligaments. she'll need surgery. she was air-lifted away. >>> and one more headline out of the sports world tonight. the super bowl. new documents released today showed that even before the big game, superdome officials were so worried about a power outage, they replaced hundreds of
insider trading investigation of steve cohen. charlie gasparino. >> talk about breathless intros. liz: we're excited here. >> you know, listen, they've been looking at steve cohen since 07. we should point out that's when he kind of first got on the fbi's radar screen. the fbi agent who helped try to develop a case against him. he's actually the fbi agent who got the sort of court order -- not the sort of -- the court order to bug steve cohen's home which we were first to report here on fox business network. i think he did that in 08. they have narrowed the cases -- there's been many -- lots of insinuation and fishy trades that look like possible inside information trading before material events. they've narrowed it down to obviously this one case involves martoma -- liz: former trader. >> basically telling steve cohen something. they had a phone call about why he was buying and selling the shares of two drug company stocks. he's been indicted because he got insider information from a doctor; right? now the question is will cohen be indicted based on that phone call? here's what i know, i
well. all lanes have just reopened at devil's slide. so that's good news. let's go to steve. >>> colder this morning. mostly clear. a few low clouds around. yesterday was coastal variety. it's colder this morning. it's going to get colder. a lot of sunshine. increasing clouds tomorrow. rain develops, not a lot. a little bit. we haven't had rain since january 23rd. we could use a lot more. there are hints, again, i'm out there on the 15-day outlook, of undercutting of the jet and emerging of the polar jet if that happens, we'll go from very try to very wet. clear skies after some of that patchy low fog deck is around. the system from yesterday, holding together, moving across four corners there. our system will be here tomorrow morning for the north bay. yesterday was 40s to 50 because of that cloud cover. today it's 30s and 40s. half moon bay, 41. santa rosa is 32. napa 33. 30s for many, many locations. a lot, lot colderthis morning. today, though, sunny, upper 50s. a little bit of a northwest direction on the breeze. coast, some of the higher elevations dealing with a bit of a breeze.
in pseudo, our own steve liesman and book brusca. then in the next hour, jeremy siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival against standard & poors is testing likely so this likely to be more than two years out. the goal is to get more battle on potentially hazard just flights, so these flights will only happens. now let's head across the country to joe and becky and see what they have coming up this morning. joe, how was your week on the cour
"family feud." give it up for steve harvey! steve: thank you. burns girls, made the money. how you folks doing? thank you for coming. thank you very much. appreciate it, everybody! hey, welcome to "family feud." i'm your man steve harvey, and guess what--we got another good one for you today. returning boy, for the fourth day, with a total of $21,540, straight out of dallas, georgia--never heard of it; here it is--it's the burns family. [applause] and from columbia, south carolina, home of the big dm it's the bennett family. [applause] let's go. bj, katy kate. [applause] hey, folks, here we go. we've got the top 6 answers on the board. name something a man drops when a woman suddenly says she wants him. bj. >> his jaw. steve: his jaw. [applause] katy katy. [buzzer] pass or play? >> we're going to play. we're going to play. [applause] steve: isabella, how you doing? >> i'm doing great. steve: good, good, good. >> yes, sir. i would like to say a shout-out to my husband, who is in the audience--my husband of 37 years, henry.
in about an hour. sue? >> we will show everyone the picture live when it does lap. >>> steve liesman is exclusive with one of the biggest doves, charms efians. wen't to extend our easy money policy. how much longer may surprise you. >>> plus, northeast bracing for that major snowstorm. we will have the latest track on the storm with the predictions of the snow amounts as you see right there when we come back. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 an
. becky quick is under the weather. hope you feel better. joe is off, steve leaseman here, as well. our guest this hour, yahoo! finance senior columnist steven kohey. a lot to discuss about the markets. stocks rallying to wipe out most of the previous session losses. check out the so-called ear gauge. the vix as we call it, tumbling below 14. then in the next hour, something a little different on "squawk box" this morning. we're going to be joined on set by three well-known names on wall street. blair ephron, roger altman. and honeywell chief david cody y. these guys? all three have been sitting in on regular conference calls with the white house. they're among the leaders the obama administration is turning to for advice on everything from the deficit to taxes to the broader economy. >>> then, after we talk to them, they're going to paint a picture for us, we're going to turn to two powerful investors for insight into what the conversation in washington means for the broader markets. cowen and company ceo jeff solomon will join us, and the bond king, bill gross. first, steve will bring
the names of these ceos who are going to be in today with the president. lloyd blankstein, steve case, marissa mayer. and we're not getting enough visas to highly skilled workers. >> this has been going on for years and years and years, that there's been a shortage of engineers, people with sci-tech backgrounds in the valleys. and this is only going to advance. because industry right now in america is becoming automated, you need a lot more phds, people with deep math backgrounds, and we don't churn enough of those people out in this country. that's a no brainer. but the union deal is very, very interesting. one of the more contentious parts of the debate is the lower end of the spectrum. what do you do about creating a path to legalize immigration for people who are coming in with lower skill sets. but it's impossible to find a serious piece of economic evidence that low-end immigration is overall bad for the economy. it's good. it's a net -- it's a net positive for the economy. all kinds of immigration. because those folks that are coming in. particularly if they're on a path to leg
for former spokesperson for president george w. bush and steve camerota, center for immigration studies. what do you think about this idea that immigration reform would help reduce the deficit. do you buy that? >> you know, ieally don't. not under president obama and his sort of spend habits. but what i do think is goi to happen when you look at congress, they're going to view this immigration reform package and figure out a way, they will need to figure out a way to make it as revenue neutral as possible or reduce deficits. there will be a cost associated with implementing any form of this immigration reform. in 2006 we saw the cbo came out saying that the plan that president bush had proposed was going to basically raise e deficit $18 billion. but again, there will be questions that need to be hammered out with the deils of an immigration reform package. melissa: christian, it is so hard to quantify what this really means. if you make more immigrants legal, that is more stress on the system. they will use more social services but it is also a higher tax base. how do you think it net as it n
and their shareholders. we'll talk with vanderbilt professor steve posavac. you can read about his study online at nbr.com just look for the "n.b.r.-u." tab. >> susie: and finally, some thoughts on paying it forward. this week lou's been thinking about shoes. here's author and educator lou heckler. >> the carolina panthers has had a so-so season despite having a top wide receiver in steve smith. smith has had a bit of a checkered career off the field, fighting with teammates in fact, but his athleticism and grace on the field are unmatched. now, he's gaining attention for his shoes. as he has been counseled about his bouts with anger, he has been encouraged to reach out to others instead of boiling over at them. one of the things he decided to do is to donate shoes to people who have none, and he has embraced this with the same enthusiasm that he has catching a football. plus, as a symbol of his commitment he removes his football shoes after every game and leaves them there on the field. someone gets a nice par of athletic shoes and a wonderful souvenir. it got me thinking, do i pay lip service to hel
investment for companies and their shareholders. we'll talk with vanderbilt professor steve posavac. you can read about his study online at nbr.com just look for the "n.b.r.-u." tab. >> susie: and finally, some thoughts on paying it forward. this week lou's been thinking about shoes. here's author and educator lou heckler. >> the carolina panthers has had a so-so season despite having a top wide receiver in steve smith. smith has had a bit of a checkered career off the field fighting with teammates in fact, but his athleticism and grace on the field are unmatched. now, he's gaining attention for his shoes. as he has been counseled about his bouts with anger, he has been encouraged to reach out to others instead of boiling over at them. one of the things he decided to do is to donate shoes to people who have none, and he has embraced this with the same enthusiasm that he has catching a football. plus, as a symbol of his commitment he removes his football shoes after every game and leaves them there on the field. someone gets a nice par of athletic shoes and a wonderful souvenir. it got me thi
challenger and other fellow nasa colleagues. steve harrigan live tonight at kennedy space center in florida. steve? >> shepard, a solemn day here at kennedy space center. 10 years ago the relatives of the seven astronauts on board the space shuttle columbia were right here waiting for its return. for some, 10 years later that grief is still fresh. >> anticipating a joyful homecoming of our crew, we were jolted in the viewing area into a nightmarish stroll of fear, uncertainty and horror. that led to a issue dr.ing announcement that the crew had perished during reentry. >> nasa today on a day of remembrance marked other tragedies as well. apollo one which burned up on the launch pad in 1967 killing three astronauts on board the space shuttle challenger flight lasted one minute before disintegrating. a tragedy witnessed by school children across america because one of the seven on board was christa mechanical live the teachner space,. >> steve harrigan at the kennedy space center. a pilot passed out mid flight with 116 passengers and five crew members on board. so says a spokesman for alaska
numbers. on the technical side is the managing partner at bell point. on the fundamental point it's steve cortes founder of veracruz and cnbc contributor. did i read this correctly, you shorted disney? >> listen, it's not easy to fight a stock that has it at an all-time high but this has gotten very frothy. as a disclaimer i have to admit that i took the disney cruise with my kids a few years ago. let me tell you something it was hell on the water. got the norovirus. i would rather have been on the endurance stuck in the ice than on that boat, but aside from that, i do have real world reasons outside of my own experience to fight disney one, a fundamental one and technical one even though i'm supposed to be the fundamental guy. the fundamental reason is falling wages. wage growth is tepid at best in this economy. b of a put a report out that this week with high gasoline prices and falling wages that's a toxic recipe going forward and the second reason, and when i look at apple versus disney, these two stocks until roughly thanksgiving traded very much in unison and we've seen a very we we
't get a line on it. steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a speck, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. and i like it a lot, but you know what? i saw an opportunity today, bill mcdermott's s.a.p. he's co-ceo, down from 83.60 to 80. pull the tr
rove's opposition to steve king's iowa senate bid has been the best thing that ever happened to mr. king. are we witnessing the final days of the reign of king karl over the republican party? >> well, i think we may be. the fact that his super pac in the last election in 2012 had a 1.29% return on investment has not made donors very happy. >> oh, come on. he only spend $300 million. >> i know. it's chump change really. i don't know what they're so upset about. but the other thing here for the candidates for candidates like steve king, and really for any candidate, show me the piece of mail or the television advertisement that says i am the choice of the establishment, that's why you should back me. and essentially that is what karl rove's impractice mature at this point means. yeah, especially in the republican party, especially where there's this huge anti-establishment tea party wing, being the choice of the establishment, having that branded on you is not going to be a good thing. and the converse of that for steve king, if you are not the choice of the establishment, you can ra
three, down three. kind of like green mountain coffee. i can't get a line on it. steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. adam schefter breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a spec, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. i like it a lot, but you know what? i saw an opportunity today, bi
of this private company but i do think this is his second act, right? ashley: yeah. >> steve jobs had a second act. i think this is dell's second act. first was pcs. and he wants to make it work in enterprise and the cloud and i think this is his opportunity. ashley: if he could do what steve jobs did he would be very popular up deed. brian white, thanks so much for joining us. we appreciate it. >> thanks a lot, bye. tracy: all right. we have a news alert for you. moments ago president obama pressing congress to avoid a way avoid automatic spending cuts that go into effect but he admitted he may not be able to uphold his end of the bargain. >> i know that a full budget may not be finished before march 1st. and unfortunately that is the date when a series of harmful automatic cuts to job creating invests and defense spending also known as the sequester, are scheduled to take effect. tracy: that budget was originally due on february 4th. we're a little late as it is. ashley: yesterday. tracy: and the congressional budget office says the federal deficit will fall to $845 billion this fiscal year. tha
other things that interceded. then chicago fed president charlie evans is going to sit down with steve liesman at around 8:30 eastern. but don't worry, you don't have to wait until then to hear some interesting voices on the central bank, because on set we're happy to say, stanford professor and former treasury official himself john taylor is here here discuss. let's go to scott. he's got the morning headlines. >> thank you. what might be considered a surprising partnership, yahoo! and google have signed a nonexclusive marketing agreement. retailers in the northeast stocking up on storm goods ahead of an anticipated weekend storm. home depot, target, lowe's among the companies telling cnbc they're taking steps to deal with anticipated increased demand for certain goods that people anticipate they'll be stranded at home because of weather, and it's supposed to be bad in the northeast. >>> standard & poor's has hired a top white collar defense attorney to help fit a $5 billion government lawsuit over ratings. san francisco based john keeker has represented lance armstrong to enron's andr
lawmakers. now immigration reform is taking center stage. steve handelsman joins from us capitol hill where the results of the november election left some republicans more open to overhauling the laws. >> reporter: maybe a lot more open. republicans up here on capitol hill in great numbers. especially there house. where opposition was strong. a rethinking their opposition now. to the so-called path to citizenship for people in our country illegally. after the issue so hurt republicans in the fall and helped democrats. president obama pushing for immigration reform this year. met with activists who said he agreed with them about what critics call amnesty. >> for the undocumented community. >> reporter: roughly 10 million to 12 million people illegally in the u.s. many accept pay below the legal minimum. afl-cio unions are onboard to end that. >> and prevent what's wrong from driving down the wages of everybody else. >> reporter: and analysts say under president obama, the u.s./mexican boarder is more secure. the net number of migrants, not increasing. activists demand reform now. >> not cont
lowest price car they have ever offered. with us now, president and ceo of mercedes-benz u.s.a. steve, i should mention, of course, this super bowl is going to be in mercedes-benz superdome , so congratulations on that. let's talk about this new car, that is all about the new car. the price of the car is under $30,000. this is a first for mercedes-benz. are you at all worried about diluting the brand? >> we are not worried at all. in fact, this the l.a. that we are launching at the super bowl absolutely delivers on the mercedes-benz brand promise. so it really is about delivering the right car at the right price. we use the super bowl because we're opening the brand. that is pretty much allow price, so we look at it not as diluting the brand, but opening up the brand and making it accessible to a larger audience. liz: here it is. the devil is offering him the car, and all of it would come with it. the red carpet, the hot babe, the experience, the stardom, the celebrity, and he can send the pen with his long fingernails. of course playing the devil, and then truly that moment where the bi
being brought in, getting the call steve rattner and your first reaction was what? >> my first reaction was no. i know nothing about cars. i can drive one. i can start one and drive and that's it. liz: why were you the right guy for what is now indelibly marked in our history at a time when general motors almost went entirely under and disappeared? >> i'm not sure i was the right guy but it worked out okay. so maybe i was. but i had worked at a big company. a unionized company. he had worked there a long time. gm was a big company. i knew something about organizations and people. so maybe that's why i got the call. liz: you also two into your early history. that was you grew up thinking you would work for the railroads just like your dad. >> i did. liz: it has been an interesting journey certainly to become one of the top corporate leaders in a free market world and therefore, why did you go along with a government bailout which is the antithesis letting the free market take over in this case? >> well, for a couple reasons. my family had grown up with gm cars. my first car was a chevrol
, we flew with the flight police patrol that uses an infrared camera. chief pilot steve robertson was attacked himself, suffering two burned corneas. >> you take the vision from a pilot, that aircraft's ability to land is greatly compromised. >> reporter: on the lookout for a light that blinds rather than illuminates. jim avila, abc news, washington. >> i just question what these people are doing that you have so little in life that you want to sit on your porch and shine a light and potentially harm pilots, put lives at risk. what kind of moron do you have to be to do that? >> it sounds like he heard the helicopter outside and got upset. that's why he did that. this part i love. he was so dumb, he didn't even -- he was at his home. just go next door. it's the dark. no one is going to see you slip into your own house. >> consider this serious stat. from 2011, a beam that's just 1/25 of an inch wide at its origin can be two to three feet wide by the time it gets to that plane. that's why it can hurt them and put the whole plane at risk. >> it's so serious that in 2012 it was banned
with an ear for music, this talented cashier is now a youtube sensation. abc's steve osunsami has her story. ♪ i'm proud to be a coalminer's daughter ♪ >> reporter: she's proof there's big talent in small places. 21-year-old kayla sloan was toiling away in the checkout lane at this walmart in west virginia when a customer noticed her singing a tune. and then pulled out an iphone to record the magic. little did she know the video would catch fire on the internet. ♪ my coat of many colors >> reporter: this is coal mining country. her husband is a coal miner, her grandfather, too. she told us she's had big dreams for years. but never thought there's any chance they could come true. >> i never even thought that it would make it that far. i honestly thought that people would see me and enjoy it. but as far as it making -- making it that far, i never even dreamed. i'm hoping to be on the grand ole opry. ♪ take the ribbon from my hand >> reporter: when she was 15, she and her brother cobbled together what little they had to record this homemade album that no one heard. but now she's a hit.
post steve jobs is one thing. but i think that they are doing fine. they did miss a bunch of quarters. where einhorn's really right is they are anti-shareholder friendly. i mean, if the ultimate thing that comes out on the proxy is we are against something that was proposed that is reasonable, shareholder friendly, that what does that say? what does the statement say? why isn't the dividend bigger? why isn't the buy back bigger? most companies would not tolerate the treasury stance of apple. they would just say it's not good enough. and i think einhorn's right on that. solution, all i can tell you is when you discuss with a company an idea and then you see a proxy, the proxy that your idea is wrong, given the fact that they have used cash, i don't know, intellectually, apple's position can't be defended. >> trying to head him off at the pass. >> right. right. >> doesn't it say that whatever their reason is for saving this money, they haven't communicated it effectively? >> thank you. >> right? >> yes. there must be a reason. >> but say it. say, okay, look, we are looking at developing
host who has been back with us, jeremy siegel, the bull. steve liesman, also thank you for sitting in all week. that's been terrific. becky and joe, it's been great. good luck over the weekend. we hope you get back here and it all works out. say hello to nemo and the weather. we're going to see you -- >> be careful with all that snow. >> absolutely. anyway, make sure you join us monday. "squawk on the street" begins right now. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee. we're live from the new york stock exchange. let's see how your friday session is setting up on the u.s. futures. it looks like we'll have a positive session with the s&p looking at 2 at the open, dow looking at 13. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every
's followed the dictum suggested by the late founder steve jobs. if you produce the best products which arguably apple has done, everything takes care of itself. that's something that's resonated throughout much of steve jobs' biography about walter isaacson. it's a bedrock principle of apple itself. i have to admit i have grasped about apple lately. incredibly low interest rates, that keeps it from earning a decent return for doing nothing at the moment as you used to be able to for so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a small return. i have suggested they put some of the cash to work, buying the growth that many feel has been lost. perhaps buying twitter to be more moving aggressively into the social media space. or netflix for home entertainment. or even somewhat facetiously purchase amazon, with its itunes-like offers. all that said i never thought in a million years that somehow apple's become a bad actor because of its conservative ways of handling its b
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